Curtis Milakovich was permanently barred by FINRA for association with any FINRA member in any manner for failing to respond to FINRA’s request for information. Milakovich worked at Kovack Securities from May 2011 until November 2013, when he resigned after Kovack received an inquiry from one of Milakovich’s clients about the nature and volume of the trading activity in her account and commissions charged. Kovack believed that the inquiry might evolve into a complaint and was considering setting aside a portion of Milakovich’s commissions to cover any potential claim from the client. There is 2013 complaint on Milakovich’s CRD that was settled in 2014 for $55,000, a portion of which Milakovich is responsible for paying. This complaint alleges unsuitable transactions and unauthorized and excessive trading.
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